The Labor market is NOT strong.

In the last 3 years, over 2.1 MILLION jobs were erased from the original BLS reports.

2023: -306,000 jobs

2024: -818,000 jobs

2025: -1,029,000 ( the largest single-year drop in at least 20 years )

Since 2019, roughly 2.5 million phantom jobs have vanished. This shows the U.S. job growth was massively overestimated.